Singapore: Market for Albums For Samples, Collections, Stamps Or Photographs 2024

Market Size for Albums For Samples, Collections, Stamps Or Photographs in Singapore

The Singaporean market for albums for samples, collections, stamps or photographs surged to $X in 2022, picking up by 24% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw a mild decline. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Exports of Albums For Samples, Collections, Stamps Or Photographs

Exports from Singapore

In 2022, approx. X tons of albums for samples, collections, stamps or photographs were exported from Singapore; declining by -66.8% on the year before. Over the period under review, exports continue to indicate a precipitous slump. The most prominent rate of growth was recorded in 2018 when exports increased by 173%. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, stamp and photo collection album exports dropped dramatically to $X in 2022. Overall, exports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2019 when exports increased by 200% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Indonesia (X tons), Malaysia (X tons) and Maldives (X tons) were the main destinations of stamp and photo collection album exports from Singapore, together accounting for 69% of total exports. China, Hong Kong SAR, Japan and the Netherlands lagged somewhat behind, together accounting for a further 25%.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +40.8%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Indonesia ($X) remains the key foreign market for albums for samples, collections, stamps or photographs exports from Singapore, comprising 56% of total exports. The second position in the ranking was taken by Malaysia ($X), with a 10% share of total exports. It was followed by Japan, with a 7.8% share.

From 2012 to 2022, the average annual growth rate of value to Indonesia amounted to +11.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (-6.2% per year) and Japan (+46.6% per year).

Export Prices by Country

The average export price for albums for samples, collections, stamps or photographs stood at $X per ton in 2022, picking up by 17% against the previous year. Overall, the export price enjoyed a strong increase. The pace of growth was the most pronounced in 2014 an increase of 241%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Maldives ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Timor-Leste (+126.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Albums For Samples, Collections, Stamps Or Photographs

Imports into Singapore

In 2022, the amount of albums for samples, collections, stamps or photographs imported into Singapore skyrocketed to X tons, increasing by 45% against 2021 figures. Over the period under review, imports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 76%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, stamp and photo collection album imports fell dramatically to $X in 2022. In general, imports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 63%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

France (X tons), China (X tons) and Japan (X tons) were the main suppliers of stamp and photo collection album imports to Singapore, with a combined 72% share of total imports.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +35.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), South Korea ($X) and Italy ($X) were the largest stamp and photo collection album suppliers to Singapore, together comprising 48% of total imports.

Italy, with a CAGR of +20.7%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for albums for samples, collections, stamps or photographs stood at $X per ton in 2022, reducing by -42.8% against the previous year. Overall, the import price continues to indicate a drastic downturn. The growth pace was the most rapid in 2020 an increase of 24% against the previous year. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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